Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 597. (Read 1260677 times)

i must have written my text very confusing i guess.....

forget the old reactor it just make u mix up things

the new reactor is a wallet which stake at normal rules

people dont buy reactor slots people dont own coins in reactor

people can invest in dmd cloudmining and pay with dmd

same as with btc invests they get shares equal to the $ value of their invest

and now read it again please

@Cryptonit
Back to PoS 30 day grouping small piles vs 7 day large piles ...
We have 30/(4*7) = 1.07142857 or approx 7.1% more interest in staking, this is not even accounting for compounding ...
So to me keeping large piles is the best way  By merging coin piles after each successful split-staking (we lose nothing doing this at 0 coin age) this can be perpetuated
Of course this requires u to have large piles for it to work  

I re-read it and I still don't see the stake rate.  What is the benefit for locking up coins in another wallet that stakes at the same rate as mine?  He may have said it in the post but sometimes there is a language barrier.  I usually can decipher I just might be missing it.  Please help if you understand.

First - WOW - you have some serious DMD's - :-)

I am a bit confused so I may have missed it in the original post.  What is the benefit to having my DMD in your wallet as opposed to my own?  POS wise?  Please advise.

this reactor have no wallet code changes required
its a wallet that stake with same rules as any other wallet

more than applaud i would enjoy a number of coins u willing to contribute

If this cloudmining support reactor stakes at 1x normal rate like everyone else for purpose of reinforcing cloudmining payouts to shareholders I applaud it, but u already saw what happened with great discord among community over unfairness of requirement to be a cloudminer.  If cloudmining reward was subsidised by PoS on foundation funds it might attract more to join. 

request for contribution

i am willing to put a great part of my own dmd into a reactor
that create stake rewards which are added to dmd cloudmining payouts (once a week or once a month)

this would be if u calculate it not a good investment for urself
but a very good future prove support of DMD Cloudmining
(because stake is independent from dmdm coin value while normal BTC hashrate created buypressure earn less and less dmdm when dmdm price raise the staking rewards will be independent from dmd value)

so if something isnt a high roi investment how we get coins into reactor
beside me sacrifice my coins for cloudmining

the idea is the we start a new referral system where the referral rewards are DMD Cloudmining shares which are paid with dmd (by me)

also a percentage of new investments and reinvest BTC will be used to buy DMD for reactor

this is full in line with term of service with state that we consider hashrate as a word that fit to any payout generating investments including not only cloudmining but also staking services and lending services

im not sure who of u know rofo (jason) from noblecoin noxt
he sacrifices a big part of his own wealth to support his project

im afraid i am following same mindset
im maybe the opposite of a scammer i lower my own profit to make investors get theirs

u cant me stop doing this
but u can help me and take a bit of the burden on ur own shoulder

so who is willing to invest some of his DMD into reactor (or even better buy some dmd for use them in reactor)

a little overview how much i can expect can help me to decide if we start reactor

my contribution would be around 30k dmd

the funny part is we should do it as long dmd value is still low
because then we have to hand out less shares for the dmd and increase the longterm possitive effect of this supportive act

yes its the opposite of a great deal
its a supportive act that will return the invested dmd in around 12-18 months

but its a very important step forward for future prove DMD cloudmining concept

-----------

(when i say me instead of foundation that is because as long our company isnt created all the contracts are between me and investors. the plan is still that once we created our Diamond Crypto Invest company DMD Cloudmining will be one of the products in its portfolio.
and if there will be a foundation seperate to the dimaond crypto invest company deepends if there are people joining foundation which are not part of the crypto invest company. we already started a call to community to join foundation and to start contributing. but if the people from dmd diamond foundation and diamond crypto invest are 1:1 identical i see no sence in create (and have additional costs) two companies at beginning)


-----------

list contribution to dmd cloudmining reactor:
(i will update this with numbers from rest of community
and once we have a better picture what size our reactor would be able to reach for start we decide if we really create it
(meanwhile 41k already gathering coin-age in the reactor wallet))


30000 helmut(cryptonit)

Good advice, pallas.

Perhaps I overlooked the proper instructions, so here they are.

There is no configure, so....

git clone https://github.com/DMDcoin/Diamond.git

Follow the readme on the github page and then -
 
Edit the makefile.unix, change the -02 in the xCXXFLAGS to -O0 and build away.

I had started with a larger machine to test the memory footprint, hence the need for a swapfile.

Here is the upstart job to monitor the wallet and run it at startup:

# create the upstart file
sudo nano /etc/init/diamondd.conf
# substitue your user for add_your_user_here


#!upstart
description     "Diamond wallet binary"
env USER=add_your_user_here
start on startup
stop on shutdown
# if you want it to automatically restart if it crashes, leave the "respawn" line in
respawn
expect fork
exec start-stop-daemon --start --pidfile /home/$USER/.Diamond/Diamondd.pid --chuid $USER --exec "/home/$USER/diamondd"


# make your file executable
sudo chmod 755 /etc/init/diamondd.conf

# commands for the wallet then are:
sudo service diamondd start|restart|stop|status

I wouldn't download a binary wallet, unless it's from the official site, if I was any of you.
Anyway, to compile on low memory machines, just add the -O0 switch.

I recently built a staking/minting wallet on a 0.99 per month Ubuntu 12.01 (32bit) machine at https://www.atlantic.net.
I had to use a larger Ubuntu 12.01 machine to actually build the wallet, then, I moved the binary over and started the wallet.
You'll need intermediate terminal knowledge to get this working.

You will want to encrypt your wallet (after the blockchain sync completes).

Here are my notes:

# login as root

# install stuff you need
apt-get update
apt-get upgrade

apt-get install python-software-properties software-properties-common nano locate iptables iptables-persistent
add-apt-repository ppa:boost-latest/ppa
apt-get update
apt-get install build-essential libboost1.55-all-dev libcurl4-openssl-dev libdb5.1-dev libdb5.1++-dev libminiupnpc-dev git

# change your timezone
dpkg-reconfigure tzdata

# add some swap for the tiny machine
dd if=/dev/zero of=/swapfile bs=1024 count=256k
mkswap /swapfile
swapon /swapfile
echo 10 | tee /proc/sys/vm/swappiness
echo vm.swappiness = 10 | tee -a /etc/sysctl.conf
chmod 0600 /swapfile

# edit your fstab to activate on boot
sudo nano /etc/fstab
# add the line
/swapfile       none    swap    sw      0       0

# add your user so you don't work as root anymore
# $user = your intended username

useradd $user -s /bin/bash
mkdir /home/$user&&chown $user:$user /home/$user

passwd $user
# enter your password

edit /etc/sudoers
# add line below root ALL (ALL:ALL) ALL
$user    ALL=(ALL:ALL) ALL

# some firewall rules to keep out the riff-raff

iptables -N CENTRALCHAIN
iptables -A CENTRALCHAIN -i lo -j ACCEPT
iptables -A CENTRALCHAIN -p icmp -m icmp --icmp-type any -j ACCEPT
iptables -A CENTRALCHAIN -p esp -j ACCEPT
iptables -A CENTRALCHAIN -p ah -j ACCEPT
iptables -A CENTRALCHAIN -m state --state RELATED,ESTABLISHED -j ACCEPT
iptables -A CENTRALCHAIN -p tcp -m tcp --dport 22 -m state --state NEW -j ACCEPT
iptables -A CENTRALCHAIN -p tcp -m tcp --dport 17771 -j ACCEPT
iptables -A CENTRALCHAIN -j REJECT --reject-with icmp-host-prohibited
iptables -N SSH_CHECK
iptables -A SSH_CHECK -m recent --set --name SSH --rsource
iptables -A SSH_CHECK -m recent --update --seconds 600 --hitcount 4 --name SSH --rsource -j REJECT --reject-with icmp-host-prohibited
iptables -A INPUT -p tcp -m tcp --dport 22 -m state --state NEW -j SSH_CHECK
iptables -A INPUT -j CENTRALCHAIN
iptables -A FORWARD -j CENTRALCHAIN
/etc/init.d/iptables-persistent save

# logout and login as $user

# create a cron job to keep your Diamond debug.log small(ish)
crontab -e
# first run should prompt for editor, choose nano
#add this line
0 1 * * * cat /dev/null > /home/$user/.Diamond/debug.log

# the wallet stuff
mkdir ~/.Diamond

echo "rpcuser=diamondrpc
rpcpassword=`date | md5sum | grep -Eio '\w+'`
rpcallowip=127.0.0.1
listen=1
noirc=1
daemon=1
addnode=193.68.21.19
bantime=600" > ~/.Diamond/Diamond.conf

# grab the diamond wallet binary from google, and place in your home directory
# https://drive.google.com/file/d/0B0NqMbA-2YNVbEF3bTZRRzNiU28/view?usp=sharing
# upload it to your home dir and tar xzf dmdbin.tar.gz, and make sure it's executable with chmod 775 ~/diamondd

# start the wallet with ~/diamondd

# I had to let the blockchain sync itself, I couldn't get any of the provided blockchain downloads to work

# encrypt with ~/diamondd encrypt wallet $yourpassword

!! Make sure you issue history -c after the wallet encrypt to clear your password from your history !!

# bash script to check your wallet's progress/status
# make sure to alter the permissions on your script with chmod 775 scriptname.sh

#!/bin/bash
BINF="/home/dave/diamondd"
echo "DIAMONDCOIN"
echo
echo "Receive address' -"
$BINF listreceivedbyaddress 0 true
#echo "#################"
#$BINF listunspent
echo "#################"
$BINF getinfo;
#echo "#################"
echo "#### Peer block heights ######"
$BINF getpeerinfo | grep 'startingheight'


Feel free to hit me up with questions, or comments for changes.
Missing a startup script and daemon watcher, but I have a poker game

-d

diamond - not faceted brilliant
brilliant - faceted diamond
right?
but on all pictures brilliants
I specify it for a correct translation on other language.

DMD Cloudmining Report January 2015:

2009 new investment
702 reinvest
10980 earned DMD

------------------------------

all time stats:

26628    total invested
6647     total reinvested
54193   total earned DMD

-----------------------------

compared to december we see reduced earnings
mostly based on lower performance of BTC based cloudmining contracts
but additional because our endless staking devices perform below expectation

still if u look around in cloudmining business (below) dmd cloudmining did prove to reduce and split risc
and maneuver the boat through this very difficult times with a in my opinion very respectable result

cex.io stopped mining at all
zencloud stopped mining at all
genesis-mining stop scrypt mining
zeushash stop scrypt mining
hashnest temporaty stopped mining a few days
pbmining colapsed
hashie colapsed
hashprofit colapsed
ltcgear payouts pending  since weeks

(we not affected by most of this but a few where part of our broad spread cloudmining contract portfolio)

good news at the end we achieved to shift and reinvest into over 20 thash sha256
on a mining operation run direct by hardware producer based on low power useage high efficiency mining gear

this give us good faith to endure even a few more weeks at low btc price
and once price raise will have a surprising high effect on DMD buying power

I don't understand your first point. I think I was pretty clear about my intentions and thoughts.
This is crypto, this is a place where things change instantly, and we had this moment just now.

Conflict of interest comes only from not seeing from the other perspective.

Regarding the other statement, please be patient. Persistence is the key, and we have it and looking for a door to unlock.  

If you can't give negative comments about something that you see wrong or disagree with in some way then what is the point.
If I disagree I'm happy to say so. It's also called feedback.
I find it hard to understand why people couldn't see the conflict of interest in the original Reactor.
The "parasitic mindset" comment is just uncalled for.

I have always been more than happy with the management, and efforts of the management of this coin.

Anyone who holds dmd effectively is backing it and behind it. If just a million people held it the dynamics would be enormously different.
Apart from the basic makeup of the coin. It needs to get out of the crypto limited world and into wider communities and made usable in real world trade of goods and services.

i talked a lot with alex about it

it basically would be great support for all dmd cloudmining shareholders
but for the investor via DMD it make only sence if he hold already a lot dmd cloudmining shares
and if he dont invest more than like 30% of his DMD this way

it have to be seen more as a supportive act for dmd cloudmining

im happy if some people want to join but i dont accept coins before the solution is ready

and much more important before we really sure we make it 

Cryptonit - I like this idea too - the reality is that anyone that is mining the coin only is limited - so any other investment vehicle that helps increase the value of the coin is good in nature.  I would be interested in a DMD for shares plan that would ultimately make more DMD.

as long as only 1 wallet with same functionality for ALL.

Please keep your mining separate from the Foundation and dev effort.

i hear u.....

one of the most interesting feedbacks from the no reactor fraction

when i say reactor might come

i can also say it might come in another way that dont affect people outside of dmd cloudmining

example we could accept DMD to buy dmdm cloudmining shares

and we could put that DMD into the reactor

give me ur feedback on this

this kind of reactor we could launch with very low coding effort

and not touch dmd wallet code at all

it would be just a normal staking wallet

this way reactor and dmd wallet development will be two total separate topics

--------------

still the path towards bitcoin v2 is a goal

should be for any coin

but not many coins are able to transform themself towards this new level

we see this as another way to filter out coins from market which are not fit for the future

--------------


it also means we need not only 1 company but there are two organisations needed

DMD Diamond Foundation (there would be wallet development)

Diamond Crypto Invest (there would be dmd cloudmining + reactor but also new other crypto investments products)

i think as it is now lot of our core people would be part of both
but i really hope that this awakening  of people here in community after we released our reactor plan
lead to some of them with loud voices to step up and say "we want to join DMD Diamond Foundation"
 

That's the thing, we don't want to do everything by ourselves, it's counter-productive. Foundation is open to people making input.      

It must be a mystery, because it's a competitive market; ultimately everything is open source so there's nothing to hide, but until then it's worth being cautious.  

that say the miner who sell his coin at 3x the price because of DMD cloudmining

that guy who want to profit from other peoples investment and dont contribute himself

and dont call ur mining contribution

because same amount of coins is rolled out each day with or without ur hashrate

so u not contribute for the coin because the coin dont need u

u just work for ur own wallet